Microlending...
What is it?! Microlending is a way for individuals in developing countries to borrow money for their business. Most banks will not lend to individuals because they do not make money. For as little as $25, you can lend your money to someone who can use it towards their business so they can sustain themselves and make a living.
Then, they pay you back in small increments. Then when you get your $$ back you can re-lend it again. I've been fortunate enough to a part of Kiva (My Kiva profile here!) for over 4 years and I've lent over $10,000 to individuals all over the world.
What %% are you earning on your checking account?! Close to ZERO, I bet - so why not lend and make a difference.
Wanna know more about Kiva? Shoot me an email or post a comment!?
Mahalo for reading.
Until next time.
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